A merger between two self-regulatory organizations that oversee the country’s investment industry is heading into its final stages of approval as regulators announce the final framework and a new board of directors.
“Today’s announcement of the new boards and publication of draft documents marks a major milestone toward our goal of creating a new SRO and IPF that serves a clear public interest mandate, better protects investors and promotes public confidence,” CSA Chair and CEO of the Autorité des marchés financiers Louis Morisset said in a statement.
The potential to incorporate other registration categories - such as exempt market dealers and portfolio managers currently overseen directly by members of the CSA - will be considered as part of a separate phase.
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